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Nov 12, 2012
11/12
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bob pisani joins me from the nice. what turned us around? it was a pretty decent pop a few minutes ago. >> we had a rally on nothing. on air. this is one of the lightest volume days of the year. bond market is closed. folks, we've rallied 70 points in the dow in the last hour and a half. and i think a lot of this might be related to the options expiration. the vix, volatility index, intraday has simply collapsed. a lot of people are likely short. we're going into an optionics piration on friday but the vix has just collapsing right across the curb. that's a big decline on intraday. light volume, going out even january and february numbers have come down a little bit. it wasn't just even today. the front end is the one that's down the most. elsewhere we're seeing declines as well. if you look at the sectors, fairly light. we're about even on the advance/decline line but this will be one of the lighter volum volume days of the year. >>> gold markets are closing as we speak. >> gold is practically holding steady here right around $1,730 an ounc
bob pisani joins me from the nice. what turned us around? it was a pretty decent pop a few minutes ago. >> we had a rally on nothing. on air. this is one of the lightest volume days of the year. bond market is closed. folks, we've rallied 70 points in the dow in the last hour and a half. and i think a lot of this might be related to the options expiration. the vix, volatility index, intraday has simply collapsed. a lot of people are likely short. we're going into an optionics piration on...
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Nov 12, 2012
11/12
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gains is going to go up in this scenario when they're done with this negotiation to as high as 20%, 22%, maybe even 25%. but by the time it's all said and done. they have to get the money from somewhere. that's one area that's received a huge tax benefit over the years where they might want to tighten up. >> thank you. so, how worried should you be about higher taxes on dividends and capital gains? jim dunagan has told his clients to sell. >> is that the way to go or hold onto them? jim joins us. i realize it's a personal decision, depends on each individual's tax basis and all those individual things aggregate you're saying if you have a winner, go ahead and sell some. >> i do, bill. in this period, it's -- if you look at any other price increase, you know there's going to be a higher price next year. i use the example, if you use sugar, know prices are going up, you would make the decision to buy more sugar. in this case you know prices on capital gains are going up, you should take advantage. you should go back and re-establish that position immediately. this is not like taking a tax
gains is going to go up in this scenario when they're done with this negotiation to as high as 20%, 22%, maybe even 25%. but by the time it's all said and done. they have to get the money from somewhere. that's one area that's received a huge tax benefit over the years where they might want to tighten up. >> thank you. so, how worried should you be about higher taxes on dividends and capital gains? jim dunagan has told his clients to sell. >> is that the way to go or hold onto them?...
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Nov 19, 2012
11/12
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also with us is bob pisani. are you doing something different tobias because we got this kum-bi-ya moment over the weekend? >> no, no. >> why are you changing, then? >> we do this every two months. we review everything from sentiment indicators, specifically industry groups, not because of -- >> none of this has an impact? >> none of it. >> are you worried about defense spending cuts -- >> are you buying more or selling more? >> the first five financials are booking in some profits and we're actually taking down a couple of defensive areas. it's not because we say get long, get aggressive. >> why aren't you writing off the rest of the years like so many clients you met with this last week? >> i think part of it is, you know, we still have what i consider to be the cornerstones of a bull market. i think the u.s. housing market is still strengthening. we have good data today on that. i think the u.s. expansion is in pretty good shape. there will be noise from hurricane sandy but we got lower gasoline. i think inve
also with us is bob pisani. are you doing something different tobias because we got this kum-bi-ya moment over the weekend? >> no, no. >> why are you changing, then? >> we do this every two months. we review everything from sentiment indicators, specifically industry groups, not because of -- >> none of this has an impact? >> none of it. >> are you worried about defense spending cuts -- >> are you buying more or selling more? >> the first five...
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Nov 14, 2012
11/12
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i don't think you're at value at $21, $22. if this drops substantially maybe we have a different discussion in six months. but at these levels the question, can it justify its growth rate? we're struggling to believe that how they're pushing advertising and advise investors to be selling at these levels not buying. >> rich, thank you very much. rich greenfield joining us. we had two bulls on facebook who thought it would rise substantially and a bear. >>> still to come the fiscal cliff and your taxes. find how much they could go up if we go over that cliff. later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's
i don't think you're at value at $21, $22. if this drops substantially maybe we have a different discussion in six months. but at these levels the question, can it justify its growth rate? we're struggling to believe that how they're pushing advertising and advise investors to be selling at these levels not buying. >> rich, thank you very much. rich greenfield joining us. we had two bulls on facebook who thought it would rise substantially and a bear. >>> still to come the fiscal...
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Nov 20, 2012
11/12
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the energy complex in yesterday's session. we're still watching what is happening in israel and gaza. the conflict there and uncertainty remains. focal point of many traders. the reason why perhaps we're not pulling back even further although many are anticipating we are going to see an increase in u.s. crude oil supplies when the energy department reports its numbers tomorrow. we'll monitor israel's situation because that's likely to have a very important effect on the oil price in this session. gold continues to trade in a range here. ubs saying there needs to be a significant breakout in this range for oil to have true momentum and on this short holiday week, it appears that many traders are just trying to cover their short positions and not really taking out new bets a at the moment but there are some taking out significant bets and there have been reports that george and john have added to their gold holdings. we have reported that gold etf holdings are at record levels. there are many that want to be in this complex but
the energy complex in yesterday's session. we're still watching what is happening in israel and gaza. the conflict there and uncertainty remains. focal point of many traders. the reason why perhaps we're not pulling back even further although many are anticipating we are going to see an increase in u.s. crude oil supplies when the energy department reports its numbers tomorrow. we'll monitor israel's situation because that's likely to have a very important effect on the oil price in this...
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Nov 19, 2012
11/12
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bob pisani. send it back to head quarters and kayla. she has the market flash. >> watching diamond food. the stock tlaubled for the last year a half. down another 11% today on a downgrade from jefferies. jefferies saying there is a -- 33% more downside for this company to go. last week it restated earnings for the last two years. wipe out about $56 million in profit. they had problem was their accounting and with the payme payments. >> meantime, tensions rising in the middle east. senior official close to binyamin netanyahu is ready for ground invasion in the gaza strip but prefers diplomatic solution to that conflict. >> reporter: hello there. in fact, it is nighttime in g . gaza. the attention is shifting south of where we are. focusing more on cairo, egypt. that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel
bob pisani. send it back to head quarters and kayla. she has the market flash. >> watching diamond food. the stock tlaubled for the last year a half. down another 11% today on a downgrade from jefferies. jefferies saying there is a -- 33% more downside for this company to go. last week it restated earnings for the last two years. wipe out about $56 million in profit. they had problem was their accounting and with the payme payments. >> meantime, tensions rising in the middle east....
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Nov 13, 2012
11/12
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right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little profit taking there, well up above the 1700 level. west texas intermediate crude down two-thirds of a percent. all of this as the count down to the fiscal cliff ticks away. your money is literally being held hostage by washington's inability to make a deal. labor leaders invited to the white house, meeting with the president since late this morning. we are keeping track of that for us here the list. several leaders from the american labor movement getting first-person attention from the president today, including richard trumka from the afl-cio, amidst many others. tomorrow, you should know that the president will meet with 12 ceos. that list includes frequent cnbc guest david poe day and president and ceo of honey w he has been on power lunch a number of times. on the list, jeff immelt of ge and ford's alan mulally. it is quite a list, ty, and we are the show leading up to that very important meeting tomorrow. so you don't w
right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little profit taking there, well up above the 1700 level. west texas intermediate crude down two-thirds of a percent. all of this as the count down to the fiscal cliff ticks away. your money is literally being held hostage by washington's inability to make a deal. labor leaders invited to the white house, meeting with the president since late this morning. we...
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Nov 12, 2012
11/12
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energy landscape. the international energy agency is saying that the u.s. will become the top oil producer in the world by 2020. surpassing saudi arabia, surpassing russia and it's going to do this with the focus that we've had and the growing support of the north american fracking industry. that's really going to help to bring us to that nearly 10 million barrels per day which is what saudi arabia is producing right now. we are looking at these numbers also as an indication that as the u.s. continues to produce more oil and as we continue to consume less oil in our transportation sector with the fuel efficiency standards set in place, it's likely the u.s. will become self-sufficient for oil needs by 2035. that's another prediction by the international energy agency. this is a huge prediction on their part. they haven't made a prediction like this in the past. it has a lot to do with self-sufficiency in the u.s. story coming from environment moves that have been made perhaps under the obama administration as the chief economist pointed out in a press confer
energy landscape. the international energy agency is saying that the u.s. will become the top oil producer in the world by 2020. surpassing saudi arabia, surpassing russia and it's going to do this with the focus that we've had and the growing support of the north american fracking industry. that's really going to help to bring us to that nearly 10 million barrels per day which is what saudi arabia is producing right now. we are looking at these numbers also as an indication that as the u.s....
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Nov 13, 2012
11/12
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we've seen the stock go from solso solidly in the 22 range down to 19 and it started to recover again. this last lockup a couple weeks ago added 100 million to the total flow because the company was able to with hold some of the stock and many executives chose not to sell. this time i agree with brian. i think you're going to see 500 million shares hit the market. i would say that's going to push the stock down. i don't think it's going to kill the stock all in one day. i think that people will stay away until they think the market has absorbed that stock. probably you have about 5% downside and i think the company fundamentals support a $35 value. so people are just waiting to get in. i think tomorrow you'll see it open down and close up. >> if you are correct, michael, that's a staggering investment that people can make. 75% upside. if we get to that $35 price target that you have. that's a staggering investment. surely they would have to take a sea change in the way that the market views facebook. it's not. that's not just a trade, is it? >> i think it's because we've had a disequi
we've seen the stock go from solso solidly in the 22 range down to 19 and it started to recover again. this last lockup a couple weeks ago added 100 million to the total flow because the company was able to with hold some of the stock and many executives chose not to sell. this time i agree with brian. i think you're going to see 500 million shares hit the market. i would say that's going to push the stock down. i don't think it's going to kill the stock all in one day. i think that people will...